Welcome to our dedicated page for Splunk news (Ticker: SPLK), a resource for investors and traders seeking the latest updates and insights on Splunk stock.
Splunk Inc. (NASDAQ: SPLK) is a pioneer in the field of making machine data accessible, usable, and valuable to everyone. Founded with the mission to address the complex challenges of managing massive streams of machine-generated big data, Splunk has become the leading software platform for machine data. The company enables customers to gain real-time operational intelligence, making it an invaluable tool for application management, IT operations, security, web intelligence, customer and business analytics, and more.
Splunk’s platform processes data generated by IT infrastructures, applications, mobile devices, website clickstreams, social data, sensors, and more, allowing organizations to harness the power of their machine data in ways previously unimagined. With more than three-quarters of the Fortune 100 and thousands of enterprises, universities, government agencies, and service providers as customers, Splunk’s influence in the tech industry is profound.
Recently, Splunk made headlines with a groundbreaking announcement. On September 21, 2023, Cisco (NASDAQ: CSCO) and Splunk announced a definitive agreement whereby Cisco intends to acquire Splunk for $157 per share in cash, equating to approximately $28 billion in equity value. This acquisition aims to leverage the complementary capabilities of both companies in AI, security, and observability to create a more secure and resilient digital world.
The acquisition will build on Splunk’s heritage of enhancing digital resilience and will accelerate Cisco’s strategy to securely connect everything to make anything possible. The combined capabilities will drive the next generation of AI-enabled security and observability, addressing the complex challenges of expanding threat surfaces and multiple cloud environments.
Upon the completion of the acquisition, Splunk President and CEO Gary Steele will join Cisco's Executive Leadership Team, reporting to Cisco Chair and CEO Chuck Robbins. This union is expected to foster greater investments in new solutions, accelerated innovation, and increased global scale to support the needs of customers of all sizes.
Financially, the transaction is expected to be cash flow positive and gross margin accretive in the first fiscal year post-close, and non-GAAP EPS accretive in year two. It will also accelerate Cisco's revenue growth and gross margin expansion.
Splunk's integration into Cisco’s broad portfolio will provide enhanced security analytics and coverage from devices to applications to clouds. Together, they aim to unlock the true value of data and help make organizations more secure and digitally resilient. This merger represents the next phase of growth for Splunk, reinforcing its mission to help organizations worldwide become more resilient while delivering compelling value to shareholders.
For those seeking the latest updates and relevant information about Splunk Inc., the company's recent achievements and strategic moves, such as the Cisco acquisition, underscore its pivotal role in the tech industry and its continued impact on global digital resilience.
Splunk Inc. (NASDAQ: SPLK) has been recognized as a Leader and one of two Fast Movers in GigaOm's inaugural Radar for Application Performance Monitoring (APM) report. The report highlights Splunk's robust capabilities for monitoring digital enterprises across diverse infrastructures. Notable advancements, including acquisitions of Plumbr and Rigor, have propelled Splunk into a significant market position. The company's APM solutions facilitate real-time monitoring and AI-driven troubleshooting, enhancing performance management for organizations as they transition to modern applications.
Splunk Inc. (NASDAQ: SPLK) announced a partnership with Papa John’s International, Inc. (NASDAQ: PZZA) to enhance operational efficiency across over 3,000 stores in North America. Utilizing the Splunk Cloud Platform, Papa John's aims to leverage real-time data insights to improve transaction security, field operations, and overall customer experience. This collaboration is part of Papa John's strategy to embrace digital transformation, with nearly 100% of its sales channels becoming digitally enabled.
Splunk Inc. (NASDAQ: SPLK) will announce its fourth quarter and full year results for the period ending January 31, 2022, on March 2, 2022, after market close. The results will be detailed in a press release and available on the Splunk Investor Relations website. An earnings conference call will follow at 1:30 p.m. PT (4:30 p.m. ET), accessible via phone or a live audio webcast. A replay will be available shortly after the call for seven days.
Splunk Inc. (NASDAQ: SPLK) announced its participation in the Jefferies Virtual Software Summit on January 11, 2022. The event will feature Shawn Bice, president of Products and Technology, and Jason Child, chief financial officer, hosting a discussion and Q&A session at 10:30 a.m. PT. Interested attendees can access the live webcast on the Splunk Investor Relations website. Splunk provides a robust platform for data investigation, monitoring, analysis, and action.
Splunk Inc. (NASDAQ: SPLK) has released its 2021 Global Impact Report, outlining its commitment to environmental, social, and governance (ESG) priorities. The report highlights initiatives in social impact, ethical growth, data responsibility, and environmental sustainability. Key goals include achieving net-zero greenhouse gas emissions by 2050 and enhancing diversity and equity within the company. Splunk aims to leverage data-driven solutions for societal challenges.
Splunk Inc. (NASDAQ: SPLK) recently released four 2022 Predictions reports emphasizing the critical role of data across various sectors. Key insights include the need for M&A activity post-pandemic, the rise of edge computing, and the heightened threat of ransomware as cybercriminals evolve. Companies must adopt robust security measures to counter these risks. Observability in IT will be crucial in improving customer experiences following pandemic-related disruptions. Public-private collaboration is essential to address cybersecurity threats effectively. For more information, visit Splunk's website.
Splunk Inc. (NASDAQ: SPLK) has announced its participation in two investor events. CFO Jason Child will engage in a discussion and Q&A session at the UBS Global TMT Virtual Conference on December 6, 2021, at 1:00 p.m. ET. Additionally, interim CEO Graham Smith and CFO Jason Child will participate at the Barclays Global Technology, Media and Telecommunications Conference on December 7, 2021, starting at 12:05 p.m. ET. Live webcasts of both sessions will be available on Splunk's Investor Relations website.
Splunk reported strong fiscal Q3 2022 results, showcasing a 75% increase in Cloud ARR to $1.11 billion and total ARR rising 37% to $2.83 billion. Cloud revenue stood at $243 million, up 68%. The company anticipates a 70% Cloud mix in Q4 and has increased its full-year Cloud ARR outlook, projecting it to reach $2 billion in FY2023. Key partnerships and advancements in data management tools were highlighted, reaffirming Splunk's leadership position in security and observability.
Splunk Inc. (NASDAQ: SPLK) has announced its commitment to achieve net zero greenhouse gas emissions by 2050, alongside setting near-term science-based targets by the end of fiscal 2023. The company has joined the SBTi’s Business Ambition for 1.5° campaign and supports the Task Force on Climate-related Financial Disclosures for enhanced climate transparency. Splunk aims to conduct climate scenario analyses and implement transition pathways as part of its broader Global Climate Resilience Strategy, with further details expected in its upcoming Global Impact report in December 2021.
Splunk Inc. (NASDAQ: SPLK) announces the appointment of Graham Smith as interim CEO following Doug Merritt's resignation. Smith, who has been with the company since 2011, will also continue as Chair of the Board. The company revealed strong preliminary results for Q3 2022, with Cloud ARR expected to exceed $1.1 billion, a 75% increase year-over-year, and total revenues reaching approximately $660 million, marking a 19% growth. Splunk will report final results on December 1, 2021.
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